Sunday, April 03, 2005

You pay 2 1/2 times the tax rate of the rich

More evidence today that the middle-class is shouldering more and more of the tax burden while the wealthiest Minnesotans are paying the lowest effective tax rate.

And these latest numbers don't even include state "fees" that are rising at a record rate.

The worst news is our state tax system is going to become even more regressive. And as far as the theory about taxing the wealthy driving away jobs? The states with the lowest income tax rates also have some of the worst economic conditions.